Why Most Forex Traders Use Technical Analysis

For many years Forex traders based their trading decisions on fundamental analysis which examines both past and current political and economic events in order to predict movements in currencies.
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However fundamental analysis is a difficult art requiring considerable knowledge and experience and the ability to handle and analyze enormous amounts of data. As if this were not enough, there is also considerable disagreement in many quarters about just what data is and is not important when it comes to fundamental analysis and, even when it is agreed that certain data is relevant, there is often further argument about just how much weight should be attributed to each factor in the equation.

Price Action: The Perfect Forex Trading System

Trading the Forex market has become very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? Unfortunately very few, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior.

Most Forex trading systems are made off technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) But what are technical indicators? They are just a series of data points plotted in a chart; these points are derived from a mathematical formula applied to the price of any given currency pair. In other words, it is a chart of price plotted in a different way that helps us see other aspects of price.

There is an important implication on this definition of technical indicators. The fact that the readings obtained from them are based on price action. Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA crossover the long period MA generating a long signal. Most traders see it as “the MA crossover made the price go up,” but it happened the other way around, the MA crossover signal occurred because the price went up. Where I’m trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.

Things You Should Know About Forex Trading

How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.

Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market, better execution, and others. Traders and investor see the Forex market as a new speculation or diversifying opportunity because of these benefits. Does this mean that it is easy to make money trading the Forex Market? Not at all.

Forex brokers agree that 90% of traders end up losing money, 5% of traders end up at break even and only 5% of them achieve consistent profitable results. With these statistics shown, I don’t consider trading to be an easy task. But, is it harder to master any other endeavor? I don’t think so, consider musicians, writers, or even other businesses, the success rates are about the same, there are a whole bunch of them who never got to the top.

FOREX: What Is It And How Does It Work?

he Foreign Exchange market, also referred to as the "Forex" is the biggest and largest financial market in the world. It has a daily average turnover of US$1.9 trillion- just imagine that amount of money! Don't you want to join this trillion-dollar industry?

Forex is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). So basically, Forex is trading.

There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency.

The other 95% is trading for profit, or what you call speculation. Investors frequently trade on information they believe to be superior and relevant, when in fact it is not and is fully discounted by the market.

On one side of each speculative stock trade is a participant who believes he has superior information and on the other side is another participant who believes his information is superior.

For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid- meaning its in cash or convertible to cash) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors.

A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur — real time- day or night.

The Forex market is considered an Over The Counter (OTC) or 'interbank' market. This is because the transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange compared to stocks and futures markets.

FXOpen Forex Broker

FXOpen is a major Forex trading service providers for the Islamic traders, but it doesn't limit itself to Muslim traders only. Anyone can benefit their "no overnight interest" system which is rare for MetaTrader 4 platform broker. They also offer trading courses which might be useful to the beginning traders. Regular contests and deposit bonuses with e-gold and WebMoney payment options make FXOpen a reasonable player on the Forex brokers market.

• Spreads — as low as 2 pips on EUR/USD.
• Minimum deposit for micro account — only $1.
• Minimum deposit for standard account — only $25.
• Instant order executions and quote handling.
• Margin leverage from 1:1 up to 1:500.
• Free unlimited demo accounts available.
• Regular technical research and market news available.
• Experienced and helpful support.
• 100$ bonus on new standard accounts.
• Trading contests.
• Trading courses for new traders.
• MetaTrader 4 platform.
• Muslim friendly trading system.
• Serious company for serious traders.
• e-gold and WebMoney billing options.

To open account with FXOpen — complete a registration process on their site and download a free MetaTrader 4 trading platform. Then you will be able to deposit money into your trading account and enjoy your Forex trading process.

You can also read an interview with the manager from the FXOpen about their company strategy and plans: Interview with FXOpen.

Forex Signal Trading Gives the Traders One More Analytical Tool

orex signal trading has emerged as an important support service for forex traders. This service is run either by forex brokers or by independent analysts who monitor and analyze the forex market. These analysts identify forex trends using several indicators. Based on this analysis, they suggest profitable entry and exit points to forex traders for a fee.

Most analysts offer signals for only the most popular currency pairs, such as EUR/USD, USD/JPY, GBP/USD and USD/CHF. However, there are some specialty services also that offer signals for the lesser-traded pairs.

The charges for these services vary from analyst to analyst, and depend upon the range of services bought by the trader. For instance, a basic subscription service offers email alerts of entry/exit opportunities to traders while a more comprehensive service provides this information through SMS, cell phone or pager alerts also.

Some signal trading services also provide live charts for the traders to make their judgment. Irrespective of the level of service, a trader should be prepared to pay a minimum subscription fee of $100 a month.

Educate yourself before trading in Forex market

As in any trading markets, building up your trading skills and knowledge is the very first step that you must take. To further your learning in Forex trading, seminars, workshops, video tutorials, online learning, or even books are handful to help us learn from the professional.

Forex Software - Choosing the Best

When it comes to forex trading the forex software you choose is essential. There are so many forex trading companies all competing for your business that choosing the right forex software can be quite a difficult task. Most of the forex software products available offers live online forex trading platforms but what other components are vital when it comes to your forex software.

Key Elements For Your Forex Software

Before purchasing any forex software there are a few essential items that should be included. The most important is security and your online forex trading software should include a 128 bit SSL encryption which will prevent hackers from accessing any of your personal details and information such as your account balance, transaction history, etc.

W.D. Gann Trading Methods - Genius Trader or Overrated Guru

W.D. Gann is one of the most famous traders of all time, and has a huge devoted following - however the fact is, Gann never made the huge profits many of his disciples claim.

He did not have a success rate of 90%, as is often claimed - the logic his methods are based upon are unsound, and his predictive methods don’t predict - they leave everything to subjective opinion!

Let’s examine his theories of investment in more detail and see.

Let’s look at some common myths about how great a trader Gann actually was:

Many sources quote Gann’s trading profits at $50 million dollars, however this is not true.

An interview that Alexander Elder had with his son tells the truth.

Firstly, his son confirmed that when his father died in the 1950s his estate was valued at just $100,000 - and that included his house.

Secondly, his son confirmed that Gann was unable to make enough money from trading, and therefore supplemented his income by writing and selling courses.

W.D. Gann’s Predictions

Many sources quote he had a success rate in all his trades of over 90% - again not true. We can easily deduce this from the value of his estate.

If he could make money trading and had a 90% success rate, he would have made hundreds of millions in his trading career - and he clearly did not - that’s why he had to sell books and courses.

The only evidence of a 90% success rate came from a small number of trades - and was not representative of them all.

Gann’s Methods are Predictive

Gann came to the conclusion that all natural phenomena are cyclical - including financial markets. This is true, but this is an obvious statement - we all know we’re going to die but when exactly?

A predictive theory is not a predictive theory if it can’t predict.

If Gann’s theory really is predictive, then there would be no market - as we would all know the price in advance!

Gann’s theory is subjective - and he really had no way of predicting the future with accuracy. It’s all subjective analysis and this is NOT a predictive theory.

Gann’s Logic

The basis of Gann’s theory is the principle that price and time must balance.

His methods are based on the squaring of price with time - this occurs when a unit of price equals a unit of time.

Gann for example would take a prominent high in the market, convert that dollar unit into a specified period of time and project it forward. When that time is reached, price and time are squared - and a market turn is due.

What? - How can one unit of price equal one unit of time? If you think about and answer this question for yourself, you will see how absurd the connection is.

This isn’t the only inconsistency used in his analysis - we also have the legendary Fibonacci numbers which are supposed to work with stunning accuracy - but they don’t, and neither do all sorts of astrology and geometry, that appeals to the far out investment crowd.

As we have seen, Gann was a trader who had modest success, and claimed to have discovered a predictive theory - which predicts nothing with accuracy.

Finally, we have so many subjective indicators cobbled together, that the theory can prove anything in hindsight, but if you want a tool to trade the markets look elsewhere.

For those of you still not convinced - I recently saw on the Internet, Gann’s trading methods selling for under $1,000!

Sounds like a bargain to get trades with 90% accuracy - I wonder how many serious money managers have it on their bookshelf.

Enough said.

New! A valuable FREE Currency Trader CD containing 9 critical trading reports, tips, strategies and trading systemsinfo. Visit our web site now and grab your CD http://www.tradercurrencies.com.

Successful Options Trading Strategies

When it comes to giving people the hope of becoming a millionaire overnight, the stock market excels. Every day we see evidence of stocks that have flown upwards as if they had wings, providing investors with a windfall of profits. It's inevitable that catching one of those stocks just before it takes off is an exciting possibility, inspiring the beginning trader to take the plunge.

Tachnical Analysis

Technical Analysis is probably the most common and successful means of making trading decisions and analyzing forex and commodities markets.

Technical analysis differs from fundamental analysis in that technical analysis is applied only to the price action of the market, ignoring fundamental factors. As fundamental data can often provide only a long-term or "delayed" forecast of exchange rate movements, technical analysis has become the primary tool with which to successfully trade shorter-term price movements, and to set stop loss and profit targets.

Technical analysis consists primarily of a variety of technical studies, each of which can be interpreted to generate buy and sell signals or to predict market direction. Please see our Technical Studies page for a detailed description of these studies and their uses.

Support and Resistance Levels

One use of technical analysis, apart from technical studies, is in deriving "support" and "resistance" levels. The concept here is that the market will tend to trade above its support levels and trade below its resistance levels. If a support or resistance level is broken, the market is then expected to follow through in that direction. These levels are determined by analyzing the chart and assessing where the market has encountered unbroken support or resistance in the past.

For example, in chart below EURUSD has established a resistance level at approximately .9015. In other words, EURUSD has risen up to .9015 repeatedly, but has been unable to move above that point:



The trading strategy would then be to sell EURUSD the next time it gets close to .9015, with a stop placed just above .9015, say at .9025. This would have indeed been a good trade as EURUSD proceeded to fall sharply, without breaking the .9015 resistance. Hence a substantial upside can be achieved while only risking 10 or 15 pips (.0010 or .0015 in EURUSD).

On GCI's integrated charting system (GCI Multi-Currency Charts), the red support line shown above can be drawn by clicking on the "Trend" button at the top of the chart window, and then drawing a line by clicking the mouse once at the beginning of the line, and again at the end of the line.

Froxe United States

The following data have been gathered by Capgemini and are part of the World Retail Banking Report published annually in March.

Macro economic indicators (2006)

GDP at current prices	$13,225 billion
Inhabitants	299.7 million
GDP per head	$44,071
Economic growth rate	+3.3%
Consumer confidence indicator	99.6
Unemployment rate	4.7%
Consumer Price Index	4.0%
Banking Importance	20.8%
Number of branches	92,000
Number of ATMs	420,000
Households savings ratio	0.5%
Inflation rate	+3.2%
Interest rate, consumer credit	13.21%
Interest rate, residential	6.22%
Number of credit cards	1,46 billion

Type and size of players

Total Banking Income and Cost/Income Ratio
(Operating Expenses/Total Banking Income)

Products

U.S. retail banking market is highly fragmented. This is illustrated by the fact that the top 10 U.S. Banks held only about 36% of the market share based on total U.S. deposits.

Total Deposits in US$ (31.12.2006 )

Trends

Customer Experience
• Banks are beginning to design products that cross customer silos:
- Customers in the past have had varying experiences and disparities in service quality across channels (branch, phone, internet) and across products (mortgage, etc.)
- Banks are beginning to improve and align processes like product applications and cross-selling
• Interactive products are increasing as customers become more comfortable using the internet:
- Banks expected to offer new products geared towards online self-service interactions
• Branch locations are increasing in number and being renovated:
- Self-service channels (ATM, phone, internet) are not effective for customer acquisition and cross-selling
- Branch locations are to be used as sales platforms by leveraging retail practices such as product displays, merchandising and layouts (demographic targeting)

Marketing / Target Products
• Faced with strong competition, banks are becoming more proactive with their marketing initiatives:
- Customer acquisition strategies being replaced by efforts to cross-sell products and services with marketing campaigns around specific customer interactions
• Continued investment in non-core product offerings:
- In redefining their marketing strategies, banks remain attracted to products traditionally offered by Financial Services companies
• Competition with Financial Services firms for retirement assets:
- Banks are marketing 401K programs to corporations in order to gain access to their employees in expectation of cross-selling other products and services

M&A Overload
• Recent acquisitions have resulted in some large banks having huge asset totals that must be earning returns for investors:
- Heated competition and sophistication in targeting loan offers to consumers

FOREX.com

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shared with a third party. We respect your privacy; please read our Privacy Policy. Increasing
leverage increases risk. Spot Gold contracts are not subject to regulation under the U.S.
Commodity Exchange Act.

usa forex Trade on spreads as low as 1-2 pips, commission-free

Trade on spreads as low as 1-2 pips, commission-free

Trade currencies and spot gold at FOREX.com. Dealing spreads are as low as 1-2 pips on the most
widely traded currency pairs. As always, you pay no commissions at FOREX.com, only the bid/offer
spread. And with our fractional pips, you gain an extra digit of precision so that you can
take advantage of smaller price movements.

Plus, you can enter orders at any price - even inside the spread - and trade around news
events, major economic announcements and other times of high market volatility.

Learn more about pricing and spreads.

usa forex all information

Forex, or FX, stands for the foreign exchange market. This is a 24-hour market in which
currencies are traded in cash, which is known as a spot market. There is no central,
standard trading center, such as, a stock exchange. Instead, trade is conducted
"over-the-counter" via an international network of dealers. Until recently, the
forex market was confined to larger traders: major, international commercial and
investment banks; international corporations; international money brokers; currency
traders. When the United States went off the gold standard in 1971, investors
immediately recognized new opportunities for making profits. Every year, more
companies start up that cater to smaller institutions and investors so they may
participate in spot forex trading.
A prime factor to take into account before participating in the spot market is
your temperament. A risk-aversive customer is not suitable for this marketplace.
You should consider not only your experience in the investment world, but your
objectives, and your capacity to absorb financial losses. Certainly, you should
never invest any amount of money you cannot afford to lose.

Harley-Davidson XR 1200TM

May 7, 2008

The XR 1200 Prototype was first unveiled to huge acclaim from customers and the media alike by Bill Davidson (great-grandson of one of the Harley-Davidson Motor Company’s founders) at the Intermot motorcycle show in October, 2006. “The incredibly positive reaction we received to the XR 1200 Prototype and sustained level of anticipation amongst customers and the press across Europe confirmed how much interest there is in a Harley-Davidson motorcycle inspired by our racing line” said Davidson, Director of Motorcycle Product Development.

The result points to the most powerful air-cooled European specification Harley-Davidson yet, with a 1200cc downdraft fuel injected engine producing high torque and peak horsepower. The suspension and braking have also been fine tuned to suit European roads. With a generous lean angle; specially tuned Showa® sports suspension, including 43mm inverted front forks; high performance Nissin® brakes; and specially developed Dunlop® Qualifier tyres, the XR 1200 is set to become the best handling Harley-Davidson regular production machine ever seen.

The XR 1200 is a bike full of purpose and character coupled with great performance, handling and a unique feel. Above all else it will be a bike that will offer a hugely rewarding riding experience.

XR 1200 features include:

· XR 750-inspired styling and livery

· 1200cc high performance powertrain finished in as-cast silver powdercoat

· Downdraft fuel injection and electronically controlled active air intake system

· Specially developed Dunlop® Qualifier tyres (front 120/70ZR18; rear 180/55ZR17)

· Unique lightweight cast wheels with dirt track-inspired design

· Specially developed sports-tuned Showa® suspension including 43mm inverted front forks

· Agile handling and ample cornering clearance

· High performance Nissin® brakes

· Ergonomics designed to fit the average height European customer

· A commanding sport riding position with wide handlebars for leverage and semi-rearset footrests

· Unique new instruments with a large white-faced tachometer and digital speedo read-out

Aprilia SMV 750 Dorsoduro: a beautiful creature

posted: Friday 09 May 2008 by Alison in: Our tests Supermoto Aprilia In the Aprilia Company the arrival point is well defined: to create a supermotard with no compromises, in every detail. And so it has been. In the planning of the Dorsoduro the Noale technicians have exploited all the experience accumulated in the World Supermoto, designing a benchmark chassis and a riding experience, and mapping out the twin-cylinder 750cc that makes full use of the “Ride by wire” technology. Equipped with a torque that favours lower and medium ranges, the Aprilia engine gives out 92 hp at 8,750 revs and a maximum torque of 82 Nm at 4,500 revs. The clean lines of the front and the lovely tail give voice to the racing spirit of this bike. In the seat you feel at home, with the tank positioned such that the legs can hold on without necessitating fatigue. As you gain confidence you find yourself leaning in more to the bends knowing the bike will adjust its trajectory. We were well impressed by the quality of the engine, gutsy at lower revs, and of the three driving modes: Sport, Touring and Rain.

France Forex

French RevolutionThe decimal "franc" was established as the national currency by the French Revolutionary Convention in 1795 as a decimal unit (1 franc = 10 decimes = 100 centimes) of 4.5 g of fine silver. This was slightly less than the livre of 4.505 g but the franc was set in 1796 at 1.0125 livres (1 livre, 3 deniers), reflecting in part the past minting of sub-standard coins.
However the circulation of this metallic currency declined during the Republic that exchanged the old gold and silver reserves (needed to finance wars and try to solve the shortage of food supplies by importing them) against printed assignats, initially designed as bonds based on the value of the confiscated goods of churches, but later declared as legal tendercurrency. Too many assignats were put in circulation (by largely overevaluating the value of the "national properties"), and the silver franc rarefied to pay foreign providers, and the unpaid governmental national debt caused decreasing trust in this secondary unit, shortage of silver supplies for producing metallized francs, hyperinflation, even more food riots in the population, and severe political instability and termination of the First French Republic (the political fall of the French Convention, the economic failure of the Directoire that replaced it, then a coup d'état that lead to the Consulate during which only the first Consul progressively gained all the legislative powers against the other unstable and discredited consultative or legislative institutions).

London Forex

The foreign exchange market (Currency, Forex, or FX) market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies

Spain Forex

Gentili, Alberico
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(älbārē´kō jāntē´lē) , 1552—1608, Italian writer on international law. Forced to leave Italy because of his Protestantism, he went to England (1580), where he became regius professor of civil law, Oxford, and in 1605 became advocate for the king of Spain in the British admiralty court. His De legationibus (1585) had a great influence in shaping modern diplomatic practice. In De jure belli [on the law of war] (1598), one of the earliest works on international law, he developed many ideas on the legal conduct of war to which Hugo Grotius later gave wider circulation

Switzerlan Forex

In financial markets, the retail forex (retail off-exchange currency trading or retail FX) market is a subset of the larger foreign exchange market. This "market has long been plagued by swindlers preying on the gullible," according to The New York Times[1]. Whilst there may be a number of fully regulated, reputable international companies that provide a highly transparent and honest service, it's commonly thought that about 90% of all retail FX traders lose money. [2] [3]
It is now possible to trade cash FX, or forex (short for Foreign Exchange (FX)) or currencies around the clock with hundreds of foreign exchange brokers through trading platforms. The reason that the business is so profitable is because in many cases brokers are taking the opposite side of the trade, and therefore turning client capital directly into broker profit as the average account loses money. Some brokers provide a matching service, charging a commission instead of taking the opposite site of the trade and "netting the spread", as it is referred to within the forex "industry."
Recently forex brokers have become increasingly regulated. Minimum capital requirements of US$20m now apply in the US, as well as stringent requirements now in Germany and the United Kingdom. Switzlerand now requires forex brokers to become a bank before conducting fx brokerage business from Switzerland.[citation needed]
Algorythmic or machine based formula trading has become increasingly popular in the FX market,with a number of popular packages allowing the customer to program his own studies.
The most traded of the "major" currencies is the pair known as the EUR/USD, due to its size, median volatility and relatively low "spread", referring to the difference between the bid and the ask price. This is usually measured in "pips", normally 1/100 of a full point.[citation needed]
According to the October 2008 issue of e-Forex Magazine, the retail FX market is seeing continued explosive growth despite, and perhaps because of, losses in other markets like global equities in 2008.

Bhutan Forex

Bhutan, officially known as the Kingdom of Bhutan is a landlocked nation in South Asia. It is located amidst the eastern end of the Himalaya Mountains and is bordered to the south, east and west by India and to the north by China. Bhutan is separated from Nepal by the Indian state of Sikkim. The Bhutanese call their country Druk Yul (land of the thunder dragon).[1]
Bhutan is one of the most isolated and least developed nations in the world.[citation needed] Foreign influences and tourism are regulated by the government to preserve the nation's traditional culture, identity and the environment, however, in 2006 Business Week rated Bhutan the happiest country in Asia and the eighth happiest country in the world.[2] The landscape ranges from subtropical plains in the south to the Himalayan heights in the north, with some peaks exceeding 7,000 metres (23,000 ft). The state religion is Vajrayana Buddhism, and the population is predominantly Buddhist, with Hinduism being the second-largest religion. The capital and largest city is Thimphu. After centuries of direct monarchic rule, Bhutan held its first democratic elections in March 2008. Bhutan is a member of the South Asian Association for Regional Cooperation (SAARC)

norway forex

Forex AB is a Swedish financial services company. The company was started in 1927 as a currency exchange service for travellers, at the Central Station in Stockholm. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. The owner began keeping the major currencies on hand.
The company was subsequently acquired by Statens Järnvägar (SJ), the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in 1965. The company was the only one apart from the banks that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, has expanded into Denmark, Finland, Norway and Iceland and has over 60 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the euro has made the company look for alternative sources of revenue, like applying for a banking licence and attempting to move into more regular transaction services, earlier handled by Svensk Kassaservice, a subsidiary of the state owned Swedish postal company, Posten.
Since 2003 Forex is a licensed bank.

Denmark Forex

Forex is a Swedish financial services company. The company was started in 1927 as a currency exchange service for travellers, at the Central Station in Stockholm. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. So he started keeping the major currencies on hand.
The company was subsequently acquired by Statens Järnvägar, the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in 1965. The company was the only one apart from the banks that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, has expanded into Denmark and Finland and has over 50 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the Euro has made the company look for alternative sources of revenue, like applying for a banking license and attempting to move into more regular transaction services, earlier handled by the Swedish postal service.

Egypt Forex

Egypt, officially known as the Arab Republic of Egypt, is a country in North Africa that includes the Sinai Peninsula, a land bridge to Asia. Covering an area of about 1,001,450 square kilometers (386,660 sq mi), Egypt borders Libya to the west, Sudan to the south and the Gaza Strip and Israel to the east. Its northern coast borders the Mediterranean Sea; the eastern coast borders the Red Sea.
Egypt is one of the most populous countries in Africa. The great majority of its estimated 80 million people (2007) live near the banks of the Nile River, in an area of about 40,000 square kilometers (15,000 sq mi), where the only arable agricultural land is found. The large areas of the Sahara Desert are sparsely inhabited. About half of Egypt's residents live in the densely-populated centres of greater Cairo, Alexandria and other major cities in the Nile Delta.
Egypt is famous for its ancient civilization and some of the world's most famous monuments, including the Giza pyramid complex and its Great Sphinx. The southern city of Luxor contains numerous ancient artefacts, such as the Karnak Temple and the Valley of the Kings. Egypt is widely regarded as an important political and cultural nation of the Middle East.

Australian dollor hike

Monday morning in Asia, the Australian dollar strengthened against its major counterparts as demand for the higher-yielding currencies increased following a surge in stock prices.

Stocks & Bonds

Another dull day on KSE

KARACHI (May 20, 2009): The benchmark KSE-100 index lost 105.00 points to close at 7,067.85 points level with thin volume due to investors' concerns over the continuous outflow by foreign investors and absence of leverage products, analysts said. The market opened on a positive note and the index hit 7,208.98 points intra-day high level.

33.12 points decline in LSE index

LAHORE (May 20, 2009): Equities registered losses across the board on Lahore Stock Exchange on Tuesday amid reduced trading turnover on account of negative news regarding GDP growth. The LSE-25 index declined 33.12 points from 2119.15 of Monday to 2086.03, while transaction volume reduced to 9.086 million shares as compared to Monday's 13.276 million shares.

Losers outnumber gainers at ISE

ISLAMABAD (May 20, 2009): Losers outnumber gainers at Islamabad Stock Exchange (ISE) where major players and small investors adopted cautious approach to avoid heavy losses amid increase in index. ISE Ten Index showed a decrease of 26.43 points, as the Index moved from 1,637.25 to 1,610.82 points.

BRIndex30 down 137.53 points

KARACHI (May 20, 2009): On Tuesday, the BRIndex30 opened in the positive zone, at 6,834.94, but closed at 6,661.23 with a net negative change of -137.53 points and percentage change of -2.02. It experienced intra-day high of 6,844.22 and low of 6,659.32. The volume amounted to 57,776,000 shares, which was 76.96 percent of the total market and 90.98 percent of KSE-100 index.

Pak-Iran gas pact next month

KARACHI (APP) - Advisor to Prime Minister on Petroleum Dr Asim Hussain has said that Pakistan and Iran will sign the agreement for the supply of gas under Iran-Pakistan Gas Pipeline by the end of this month or next month.
He was speaking at the inauguration of 7th Pakistan Oil, Gas and Energy Exhibition (POGEE) and conference, 5th Fire & Security Pakistan exhibition at Karachi Expo Centre Monday.
He said that Iran has nearly built the site for the supply of gas to at Pak-Iran border. Currently we are working on the details of the project. For example, in which country we will go for the arbitration in case of dispute, he added. Dr Asim said that the efforts to get natural gas under Turkmenistan-Afghanistan-Pakistan gas pipeline were also in progress. At the same time, the government was exploring possibilities for utilizing Thar coal reserves for gasification and power generation, he opined.
Responding to the demand from speakers at the exhibition about the power shortage, he said that government was exploring every possible way to raise power generation.
However, he urged the masses to remain patient because it will take some time to enhance power generation in the country. The gap between the demand and supply of power will be overcome in next two to three years, he noted.

Carry Trade Panic Selling?

Did anyone notice the panic selling out there?All kinds of carry trades unwound several hundred points in a very short period of time. Speculation in the Forex news rags suggests that losses due to the falling stock exchanges forced people to unwind their carry trades to cover their margins.In any case, after days of regimented downward movement, the sudden fallout represented a panic moment -- for someone. In the short term, at the very least, this should represent opportunity. I've stuck my toe in.

Forex Market Deconstruction

Now that the trading week is over I thought I'd write about a few things that came to mind over the last couple of days.Current SituationEveryone is expecting the Fed to come along and put a multi-hundred billion dollar package together with the help of congress. Obviously, this is relieving a lot of the unprecedented pressure on both stocks and various Forex markets. The only fly in the ointment I'd keep an eye on is whether or not things get delayed for any period of time

Current Money Customers

LONDON: A final year BBA student from Pakistan studying in a Newcastle institution was forcibly deported from the UK early last week on the charge that he had worked for more than the permitted hours

Looking for more information on Microsoft Money? Here you’ll find useful tips on using Money, special offers just for Money users on related services and products, information on upgrades, plus answers to questions you may have. Great deals for Money users are being offered all the time, so be sure to check back often.

Business owners USA

Możesz mieć istotny wpływ na swoje życie.

Dlaczego każdy powinien zastanowić się nad grą giełdową? No cóż jeśli masz satysfakcjonującą Cię pracę, zarabiasz tyle pieniędzy ile chcesz, masz miłego szefa i bardzo lubisz to co robisz to nie powinieneś zastanawiać się nad handlem na jakimkolwiek rynku kapitałowym. Każdy jednak kto niestety nie może pochwalić sie podobnym sukcesem w pracy zawodowej powinien rozpatrzyć rynek Forex przede wszystkim jako:

Instant Forex Profit System comes with the executable file (.exe) and you’ll also get the software manual with a “Forex Basics” ebook.
Currently, Stephen is selling this software for $97.

FOREX TRADING ONLINE

If you are interested in Forex Trading Online (foreign currency trading), then there is a lot you must learn before you can begin your profitable journey to riches.

1. Educate yourself on as much information as you can get your hands on about Forex Trading Online. You can’t play the game without knowing the rules so to speak. Get your hands on free information widely available online to learn all of strategies used in currency trading. Remember, no single strategy is perfect. Even though we can play the same game over and over, the rules stay the same most of the time but game plays always change. Just because something works for one person doesn’t mean the same style will work for you. A great place to start your education is FXStreet. You can get your hands on valuable information and great tips to help you get started.

2. Practice, practice, practice. There are many places you can get fre demonstration accounts where you can play around with fake money in real world trading environments with realistic indicators and conditions. Just like the stock market games, you can practice for as long as you like testing out different strategies until you feel confident to play with the big toys. Metaquotes is an excellent place to start with $100,000 worth of free play money. FXCM and Forex.com are some other good websites to play on.

3. Remember the old saying: its not what you know, its who you know? Well this applies half-way to Forex trading as well! Get connected. Join networks of other people who are out there just like you trying to learn about currency exchange. Forums are also very important when it comes to connecting to people. You’ll be surprised to see how much you can learn from other people, and perhaps even make a few friends on the way. Some places to consider: Globalview, EliteTrader and MoneyTec.

4. Set your goals. You don’t make big financial decisions without first thinking about the consequences and the end goals that you are trying to achieve. The same goes for online forex trading, set your goals - both longterm and short. Where do you want to be in a year? “I want to be a millionaire” might be the right attitude but not the right goal. Where do you see yourself in a week? Do you anticipate gains or losses, if so how much? Think about these questions before you go throwing your money around. Once you’ve got some sort of a goal you must determine an approach. How will you get to your goal? Will you do it aggressively, on the cautious side, or will you plan to adopt a moderate plan? This is a key step where you cannot get ahead of yourself. It is said that 95% of those who try, fail. This is due to unplanned and uneducated decision making. Remember, no strategy is perfect and you must figure out your own that works for you!

5. NEVER let your emotions take over. This goes along the lines of planning. Some people make some money and all of a sudden they are riding an emotional rollercoaster that leads to complete disaster and loss of all funds. Don’t be one of those people, make decision based on good indicators and never ride the emotional rollercoaster when it comes to playing the real game. Do your research and always keep in mind your short term goals. Its best to take small footsteps to prevent stumbling as you start running so to speak.

Learn more about Forex Trading Online from www.expertforextrading.net through educational DVDs, Forex news, tips, lessons and other useful media.

Overview of GCI Financial

GCI Financial Ltd ("GCI") is a regulated securities and commodities trading firm, specializing in online Foreign Exchange ("Forex") brokerage. In addition to Forex, GCI is a primary market maker in Contracts for Difference ("CFDs") on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

Difference Between Stock And Forex Trading

Fundamental indicators are the announcements which traders follow to show the strength of a particular currency with respect to others.
Equal Potential
No matter whether there is a bull or bear market, in forex there are always opportunities. Unlike the stock market, whether the market is going up or down there is always equal opportunity for profit and loss. Also, there are no limitations on short selling. Forex involves the trading of currency pairs which can gain profit or loss whether the market is rising or falling. It does not matter whether the trader is short or long risk of loss and potential for profit will always exist.
Consummate liquidity
There is no time restriction for forex trading. No matter what time of day it is the trading continues to go on making forex the most liquid market in the world. Forex market trades in one day what Wall Street trades in approximately one month.
More leverage
The most attractive feature of the forex market is leverage. Although it should be noted that trading using leverage can increase the potential risk of loss as well as profit. The maximum leverage for stocks, for example, is 2:1 (i.e. if you invest 1,000 dollars you can buy up to 2,000 dollars of shares). Whereas while trading with us you can get up to leverage of 200:1 which means that if a trader invests 1,000 dollars he can buy up to 400,000 dollars in currency.
Direct trading
Forex trading enables clients to deal directly with the currency market without any worry or hassle. Also spot currency trading helps to remove the middleman which often can make costs higher due to expensive commission and management fees.
No commission
There are no brokerage, exchange, software or clearing fees at Ideal World Forex. We do not charge any commission as we are compensated through Bid and Ask prices (or spread) of a particular currency pair. Although be aware that the bank you are dealing with may have charges or fees for deposit or withdrawal. We are not responsible for this. There may be a fee for fund withdrawals. Please inquire with a Ideal World Forex customer representative for further information.
Technical trading
Forex trading tends to develop strong trends and patterns which a trader may identify for new potential movements, breakouts and chances to enter and exit positions.
Rate fluctuation
The major factors that affect the supply and demand of currencies are the strength of the country’s economy and interest rate policy. As currency rates show the supply and demand of currencies, indicators such as the PPI, foreign investment, CPI, the trade balance and GDP reflect the health of the economy and modify the supply and demand for a currency. Data on interest rates and expert observations on international trade and economic policy are also released on a regular basis.
24/7 trading
When you are using a forex trading platform you are seeing a miniature display of the world economy. A trader can access forex markets from 5 pm EST when trade begins in Sydney and Singapore on Sunday and continue trading till 5 pm EST on Friday.
Less trading options
In forex there are about 8 major currencies and 34 second level currencies to choose from, whereas trading in stocks involves about 8,000 different publicly traded companies. Such a huge range of choices tends to be confusing and complicated.
Best Software
Since the beginning, our team of expert forex professionals has invested long hours improving our software and services to guarantee a basic, wide-ranging system that enables users to decide sensibly. In addition, services include over 100 tools and technical indicators as well as the latest from Reuters News service to cover all important updates that impact the forex market. Our advanced chart-based trading system contains custom alerts, price quotes, as well as the ability to create an automated trading system so you can pre-program your method to buy or sell at specified market events. Users are able to connect directly with the help of MetaTrader 4 with the live currency market on a secure platform.